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Global Economy

When It Comes To Free Trade, The Market Doesn’t Always Know Best

In the News
World Politics Review
Paul Poast

Restrictions on international economic flows—like Trump's tariffs—seem to be obviously bad. But politically speaking, that isn't always the case, Paul Poast argues.

cargo cranes are used to take containers off of a Yang Ming Marine Transport Corporation boat at the Port of Tacoma
Ted S. Warren / AP
Global Economy

How Trump’s Tariffs Could Impact Illinois

In the News
The 21st Show
Cécile Shea

Cécile Shea unpacks how tariffs on Canada and Mexico could affect agriculture, manufacturing, and more.

National flags representing the United States, Canada, and Mexico fly in the breeze
Judi Bottoni / AP
Global Economy

What Trump's Proposed Tariffs Could Mean for Chicagoans

In the News
WBEZ
Cécile Shea

Cécile Shea helps unpack how tariffs on Mexico, Canada, and China could impact local businesses and consumers.

Shipping containers are stacked at a port in Tianjin, China
Mark Schiefelbein / AP
US Foreign Policy

Company that shut Chicago steel-conduit plant sues Mexico

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ChicagoGlobal by John Pletz

In an unusual step, Zekelman Industries is taking a foreign government to court for dumping steel — a move that comes against the backdrop of a presidential campaign dominated by talk of tariffs and foreign trade.

Headshot of a white man in a navy suit with light blue shirt
Barry Zekelman
Global Economy

As global cities feel the strain of overtourism, what makes Chicago immune?

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ChicagoGlobal by Coauthors

Compared to packed European cities like Barcelona and Amsterdam, Chicago faces few issues with tourists — but it agrees that short-term rentals are a threat.

A crowd of people march on a street in Barcelona at an anti-tourism rally, with a woman in the middle holding a carboard sign that reads "TOURIST GO HOME."
Emilio Morenatti / AP Photo
Global Economy

Q&A: What rate cuts — and tariff talk — portend for the Midwest in the global economy

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ChicagoGlobal by H. Lee Murphy

Chicago economist Diane Swonk had been skeptical that the Federal Reserve could engineer a soft landing from post-pandemic inflation. Now she's coming around.

A person talks on stage during an event while two other people listen in the background
Courtesy Eurasia Group
Global Economy

Five features that define Chicago's role in global trade

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ChicagoGlobal by AJ Caughey

Illinois and its largest city play crucial parts in the worldwide trade landscape. To understand what those parts entail, we spoke to World Business Chicago.

A railyard in Galesburg, Ill., shows various trains lined up awaiting track space, with a yellow-fronted BNSF engine in the front.
Shafkat Anowar/AP
Global Economy

The Federal Reserve Has the Whole World in Its Hands

In the News
World Politics Review
Paul Poast

"When the US economy sneezes, the world economy gets a cold," Paul Poast writes.

Federal Reserve Board Chairman Jerome Powell speaks during a news conference
Jose Luis Magana / AP
Global Economy

Measuring Chicago's success with a special yardstick: The number of indie businesses

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ChicagoGlobal by H. Lee Murphy

SumUp, a London-based small business services provider, recently released a survey ranking American cities with the biggest and healthiest populations of small businesses. Here's how Chicago fared.

Headshot for Andrew Helms Global Economy

How Chicago could be a key player in the global blue economy

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ChicagoGlobal by Jack Benjamin

As the climate crisis grows, the business of water is increasingly important — and the lakefront city of Chicago could be one of its most valuable global leaders.

A person swims in Lake Michigan with the Chicago skyline in the background
Erin Hooley / AP
Global Economy